Fox Factory Holding Corp. plans to expand its bike division in South Asheville, North Carolina. The project is expected to create roughly 47 new jobs over the next five years.

The company will commence renovations for an approximately 20,000 square-foot building in South Asheville to house regional headquarter functions including sales, finance, research & development, service, and distribution.

Fox designs and manufactures performance defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. The move is expected to facilitate continued growth in Eastern US and European markets for the bike division.

“We are very excited to now call Asheville, N.C. home for one of our bike division’s satellite offices focused on service, sales, engineering, R&D, distribution, and finance,” said Larry L. Enterline, FOX’s CEO. “Along with a very passionate mountain biking culture, we believe Asheville offers us the ability to tap into a top-notch talent pool to help us continue to improve our business in these functional areas.”

“Outdoor products are a unique and important part of the Asheville Metro economy,” said Janice Brumit, EDC Chair. “The commitment by FOX will advance our reputation as an East-Coast hub for outdoor adventure, innovative products, and recreation technologies. We are thrilled to welcome FOX to Asheville.”